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Blackstone, Carlyle brace for private equity’s ‘terrible hangover’
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Despite the sunny weather, the outlook was less rosy this week in Berlin, where the private equity industry met for its annual industry summit.
In a week when the S&P 500 stock index fell into a bear market and both the US Federal Reserve and Bank of England raised interest rates, buyout bosses met in the German capital to discuss soaring inflation, geopolitical tumult and recessionary fears.
“The...
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